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 Post subject: March 24th Tuesday 2009 - XLE Energy Select SPDR ETF
PostPosted: Tue Mar 24, 2009 10:07 pm 
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Joined: Sat Jan 10, 2009 1:06 pm
Posts: 2831
Location: Canada
Price Action of the Day

XLE Energy Select SPDR ETF
3min chart

The resistance price action had more of a battle between Shorts and Longs while the support price action occurred as a continuation to support the price action around 1215pm est...

Both represent a key change in supply/demand as revealed in tutorial chapter 4.

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Note: The "price action of the day" is just a simple trading tip (not an entry signal) that correlates with some of the concepts being taught in the strategies (VTR, STR, APAOR or AJCTR) and WRB Analysis Tutorials.

Simply, the purpose for this trading tip is to encourage questions by those that have a sincere interest in purchasing TheStrategyLab.com education materials to learn advance trading concepts and advance understanding of the price action.

Further, if you're already a fee-base client...do not join this discussion forum. Instead, if you have questions about this trading tip...post a link to this message post at your private forum for fee-based clients and I'll respond at your forum.

Regards,
M.A. Perry


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